Reinhart Partners LLC. boosted its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP – Free Report) by 11.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 671,964 shares of the real estate investment trust’s stock after acquiring an additional 68,427 shares during the period. Ryman Hospitality Properties accounts for about 1.9% of Reinhart Partners LLC.’s holdings, making the stock its 26th biggest position. Reinhart Partners LLC.’s holdings in Ryman Hospitality Properties were worth $63,583,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Ryman Hospitality Properties by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 9,108,548 shares of the real estate investment trust’s stock valued at $816,035,000 after acquiring an additional 166,293 shares during the period. State Street Corp increased its position in Ryman Hospitality Properties by 0.6% in the 2nd quarter. State Street Corp now owns 3,375,908 shares of the real estate investment trust’s stock valued at $336,901,000 after acquiring an additional 20,756 shares during the period. Geode Capital Management LLC boosted its holdings in Ryman Hospitality Properties by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 1,588,492 shares of the real estate investment trust’s stock valued at $150,327,000 after purchasing an additional 11,591 shares in the last quarter. Cooke & Bieler LP boosted its holdings in Ryman Hospitality Properties by 12.8% in the 4th quarter. Cooke & Bieler LP now owns 1,251,144 shares of the real estate investment trust’s stock valued at $118,383,000 after purchasing an additional 142,206 shares in the last quarter. Finally, Hamlin Capital Management LLC boosted its holdings in Ryman Hospitality Properties by 4.2% in the 4th quarter. Hamlin Capital Management LLC now owns 1,029,740 shares of the real estate investment trust’s stock valued at $97,434,000 after purchasing an additional 41,764 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the company. Wells Fargo & Company lifted their price objective on Ryman Hospitality Properties from $114.00 to $126.00 and gave the company an “overweight” rating in a report on Monday. JPMorgan Chase & Co. lifted their price objective on Ryman Hospitality Properties from $111.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Weiss Ratings lowered Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Barclays lifted their price objective on Ryman Hospitality Properties from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Monday. Finally, Morgan Stanley lifted their price objective on Ryman Hospitality Properties from $105.00 to $112.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Nine analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $120.33.
Ryman Hospitality Properties Price Performance
Shares of NYSE:RHP opened at $115.25 on Wednesday. The business’s 50 day simple moving average is $102.80 and its 200-day simple moving average is $98.42. The firm has a market capitalization of $7.27 billion, a price-to-earnings ratio of 30.41, a price-to-earnings-growth ratio of 2.67 and a beta of 1.22. The company has a debt-to-equity ratio of 5.15, a current ratio of 1.35 and a quick ratio of 1.35. Ryman Hospitality Properties, Inc. has a 12 month low of $83.82 and a 12 month high of $117.18.
Ryman Hospitality Properties Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $4.80 annualized dividend and a dividend yield of 4.2%. Ryman Hospitality Properties’s payout ratio is 126.65%.
About Ryman Hospitality Properties
Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group‐oriented, large convention center hotel resorts. The company’s portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long‐term management agreements with Marriott International.
Ryman’s flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.
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